Question

State the features of journal.

Answer 1

The features of a journal are as follows:

1. Each transaction is first recorded in the journal, making it the book of original entry.
2. Transactions are recorded in chronological order (date-wise).
3. Every transaction is analyzed into debit and credit aspects before recording.
4. The entire transaction is recorded at one place on one page.
5. Each transaction entry is followed by a brief explanation or narration.

These features ensure an orderly, clear, and complete recording of business transactions in the journal.